According to new growth theory, economic growth is driven by
A. the division of labor.
B. new ideas.
C. higher birth rates.
D. positive externalities.
Answer: B
You might also like to view...
In the above table, the inflation rate between 2013 and 2014 is approximately
A) 9 percent. B) 10 percent. C) 100 percent. D) 110 percent.
The Bank of the United States did not:
a. act as a lender of last resort. b. help collect customs bonds. c. carry on foreign exchange operations. d. hold most of the U.S. Treasury deposits. e. The Bank of the United States engaged in all of these activities.
Carlos and Darla are representative individuals playing the dictator game. Carlos is assigned the role of dictator and given $20 to split between the two of them. Based on previous experiments with this game by behavioral economists, about a third of the
time we would expect: A. Carlos to keep all of the money for himself. B. Carlos to give all of the money to Darla. C. Carlos to split the money evenly with Darla. D. Carlos to split the money, keeping a little more than half for himself.
If antitrust legislation is successful, then the monopolistic firm will
A) decrease output and charge a lower price than before. B) increase output and charge a higher price than before. C) increase output and charge a lower price than before. D) decrease output and charge a higher price than before.